telecommunications

Officers enter Catalan Economy department, Statistical Institute, Telecommunications and IT center and Mediapro firm

The Catalan telecommunications operator ‘Parlem’ closed fiscal year 2016 with 1.3 millions euros in profit, doubling its 2015 turnover of 641,000 euros, it said Thursday in a press release. Enrique Pérez-Mas, president and shareholder of Parlem, attributed the company’s economic growth to the consolidation of the high-speed-internet connection they offer and the launch of the linear television service, which has allowed Parlem to become a convergent operator. According to Pérez-Mas, the telecommunications operator expects to continue its growth during 2017, tripling 2016 turnovers, reaching 4 million euros. For this purpose, Parlem plans to reach more homes through agreements with other operators. Moreover, the company is planning on develoingp its TV platform by adding more features by the end of the summer.

A record figure of 14,000 visitors attended the fifth edition of the 'Smart City Expo World Congress' the summit of smart cities organised by Fira de Barcelona. 465 exhibitors, more than 400 international speakers and 500 cities from the five continents presented their experiences regarding urban solutions and innovative technology. "This confirms the consolidation of the congress" stated Smart City's director, Ugo Valenti. He also highlighted urban transformation as one of the greatest challenges of the future and the congress as "a really valid platform for knowledge and experience exchange". The Catalan government presented three projects from the 'SmartCAT' framework to promote intelligent cities. Telecommunications and Information Society general director Jordi Puigneró recapped the 50 initiatives that have been launched in Catalonia during the 'SmartCAT' project’s first year of implementation. 

Barcelona-based Abertis' telecommunications subsidiary, Abertis Telecom Terrestre, will operate as Cellnex Telecom, S.A. from 1 April, as approved by the company's Shareholder General Assembly on Tuesday. The new name and brand are part of the preparations for a potential stock market flotation, as announced last October in the context of Abertis' 2015-2017 Strategic Plan. However, neither the Catalan group's President Salvador Alemany, nor Vice President and CEO, Francisco Reynés, have set a precise date yet for its admission to trading, which will be announced during this year's first semester. The new company's slogan will be "driving telecom connectivity".

Barcelona-based Abertis, a multinational company specialised in the management of toll roads and telecommunications infrastructure, has reached an agreement to purchase 7,377 mobile phone towers in Italy at a total cost of €693 million. The Catalan group – which saw its net profits rise last year to €655 million – will acquire 90% of the shares of Galata, the subsidiary of the Italian operator Wind that owns the telephone towers. Abertis will thus strengthen its presence in the transalpine country and become the "largest European operator of telecommunications infrastructure for mobile telephony and audiovisual broadcasting", as the company announced through a press release.

The 1st Digital Government Congress organised by the Catalan Government and the Open Administration of Catalonia consortium (AOC) will take place on Wednesday and Thursday at the Palau de Congressos de Fira de Barcelona. The main aim of this summit is to develop through the use of new technologies the public administration into an “open and innovative administration” that will be smarter, more efficient and effective in order to give “real answers to the demands and expectations of society”, according to Àlex Pèlach, the Managing Director of the AOC consortium.

Abertis, the international group which manages transport and telecommunications infrastructures, has announced it will list its telecom exchange business on the Stock Exchange in 2015. The Catalan company presented its new Strategic Plan for 2015-2017 to investors in London this week. The main objectives of the decision were to develop its business strategy, increase returns for shareholders and boost growth. The company currently owns 8,000 radio, television and mobile signal towers. Besides, Abertis presented its numbers for the first nine months of 2014 to the Spanish Stock Exchange Authority (CNMV), including a net profit of €560 million, an increase of 4.6%. The new Strategic Plan also envisages a dividend increase of 10% for its shareholders every year until 2017.  

The Catalan Executive raised the alarm on Monday: the Spanish Ministry of Industry is planning to take away 1 of the 2 multiplexes run by the Catalan Public Television Broadcaster (TVC), which means reducing its number of TV channels. By halving the spectrum available for TVC – which is traditionally the leader for TV audiences in Catalonia – the Spanish Government will oblige the broadcaster to reduce its number of channels. This will decrease its audience and therefore its influence, which might also bring a reduction of advertising income and a consequent weakening of the public service. The Catalan Government sees "an undoubted" political motivation in this decision, aiming to decrease the influence of Catalan-speaking media by rendering TVC "residual".

The Spanish telecommunications multinational Telefónica will open a new call centre to take care of consumer queries in L'Hospitalet de Llobregat, a city literally attached to Barcelona's municipality. The new facilities will be operational from the 26^th of May. It will initially start with 50 workers but by November it will already employ 310 people. According to Kim Faura, Telefónica's Director for Catalonia, the company's strategy is to relocate call centres and place them near the areas where consumers live.  This new call centre will be Telefónica's fourth one in Catalonia and will focus on helping clients going through digital environments. Faura's aim is to make this centre Spain's flagship for this sort of issues.

The profits of Barcelona-based Abertis, a world leader in the toll road management sector, dropped by 39.8% in 2013 compared to 2012 figures. However, the company emphasised that both years are “not comparable” since profits were particularly high in 2012 due to the capital gains from selling corporate shares. If those operations were not taken into account, the recurring profit would have indicated a 6.5% growth. However, the Catalan multinational’s net profit amounted to €617 million in 2013, as opposed to the €1.02 billion reached in the previous year, as reported to the Spanish Stock Exchange Regulation Authority (CNMV) on Wednesday. Abertis’ EBITDA was set at €2.92 billion, representing an increase of 23.6% while the turnover increased by 25% to reach €4.65 billion.

The telecommunications company Cronos Group, based in Hong Kong, is opening its European offices in Barcelona to offer services throughout the continent and worlwide. According to the Catalan Ministry of Business and Employment, the company is expected to create 25 new jobs in the first year operating from the Catalan capital. Currently 10 people are already working in Cronos’ Barcelona offices. The project received the assistance of the Catalan Government’s programme ‘Invest in Catalonia’, which focuses on attracting foreign investment and international business. Cronos’s Managers explained they have decided to settle in Barcelona because it had become the world capital of the mobile phone and of telecommunications, since each year it organises the main international event in this sector. Furthermore, Cronos Group praised the talent and skills of Catalan workers.

Abertis has reported that they have sold London Luton Airport to a consortium made up of publicly-owned Spanish Airport Authority (AENA) – which will own 51% - and Axa Private Equity (49%). The deal is said to be worth €502 million. It was estimated that the asset would have brought in €141 million to the company’s revenue and €46 million to the EBITDA for 2013. The transaction is currently pending approval from the competition authorities, the Spanish Government and Luton Borough Council.  It is part of Abertis’s strategy to modify its portfolio in order to optimise its asset base. Abertis reported last week that it has also made an agreement with ACN & HAS Airports Worldwide for the sale of Stockholm Skavsta and Belfast International airports.

For the first 6 months of 2013 the Catalan company Abertis has made a profit of €293, a 62% reduction on last year, according to a report issued by the company to the Spanish Stock Market Authority (CNMV). This year the company has increased its market share in Brazil and Chile and has received part of its income through the sale of its stake in Eutelsat. In spite of the reduction of net profit, the company’s EBITDA is up 23% on last year to €1.43 billion. Abertis specialises in three business areas: airports, toll roads and telecommunication infrastructures. 65% of the firms’ revenue comes from outside Spain.